Matthew Ashton

Written by

Matthew Ashton

2 minute read

Updated 27th February 2025

Engagement ring insurance, just clicks away

Start online quote

How much does it cost to insure my engagement ring?

This short article outlines the cost of insuring an engagement ring. Engagement ring insurance carries a simple rating structure and premiums start from as little as £109 for 12 months*, including 12% insurance premium tax and our £25 fee. In a bid to make insurance accessible, in this blog we’re transparent with the primary rating factors used to calculate engagement ring insurance.

Rating factors for our engagement ring insurance

  • The ring value. Typically, 1.3 or 1.5%, depending on the chosen insurance product on our comparison site
  • The risk postcode. Your area affects the premium for better or worse.
  • The age of the prospect. Various rates are applied for age categories.
  • The claims history. Previous claims will result in a 10% loading to the insurance premium.
  • The addition of Insurance premium tax [IPT]. Currently, 12% of the insurance premium.
  • The addition of the broker administration fee. For Stanhope, this is £25.

Calculating an indicative premium at home

Our comparison site has taken the hassle out of trying to work out an indicative cost, by providing a quick quote with only a few details.

Get up to four instant quotes now

Get an instant quote

Engagement Ring Insurance Guide

For more information about insuring your engagement ring, including whether it is best to do this on its own or as part of your home insurance, you can read our Engagement Ring Guide, written by Matthew Ashton.

General Insurance Cost Examples

We’ve outlined some premium examples below on our Chubb Select product. These are based on someone aged between 31 and 44, having no previous insurance claims, living anywhere in the UK (please note, some insurance products on our panel rate for postcode and others do not, the examples below are based on the product which does not rate on postcode).

How much would it cost to insure a Pragnell ring?

Pragnell Skimming stone ring in yellow gold and diamonds at £12,900 – From £169.48

How much would it cost to insure a Annoushka mirage ring

Annoushka One of a Kind mirage ring in white gold, emerald, pink sapphires and diamonds at £16,900 – From £214.28

How much would it cost to insure a Van Cleef & Arpels solitaire ring?

Van Cleef & Arpels boucle solitaire ring in platinum and diamonds at £140,000 – From £1,593.00

How much would it cost to insure my Boodles Florentine Dolce Vita ring?

Boodles Florentine Dolce Vita ring in yellow gold, sapphire and diamonds valued at £11,500 – From £153.80.

How much would it cost to insure a Hancocks London ring?

Hancocks London Ring in rose gold and Pigeon’s blood Burmese rubies at £30,000 – From £361.00

How much would it cost to insure a Jessica McCormack diamond ring?

Jessica McCormack Diamond capsule ring in yellow and white gold and diamonds estimated at £25,000 – From £305.00

How much would it cost to insure a Shola Branson ring?

Shola Branson Diamond bombe ring in yellow gold and diamonds estimated at £50,000 – From £585.00

How much would it cost to insure a McCaul Aegis ring?

McCaul Aegis ring in yellow gold and diamond valued at £9,895 – From £135.82

How much would it cost to insure a Chaumet Bee My Love ring?

CHAUMET Bee My Love ring in white gold and diamonds estimated at £60,000 – From £697.00

UK’s first jewellery comparison site

Get an instant quote

*18% of current standalone engagement ring insurance clients are paying the minimum premium of £109. Trading statistics between January and December 2024

Written by Matthew Ashton

I started working in the insurance industry in 2004. Four years later, I left to focus on theological studies, working as a youth worker and then as a ministry director in Seattle, USA. When returning to the UK, I had an opportunity to work for the late Andrew Marchington. I joined his firm as a sales advisor when it had around ten staff members. Within three years, I was Head of Ops with a staff team of over 30 people. After a chance encounter in 2019 with Rachel Living and Will Cooper, I co-started Stanhope to build a high-value home, luxury watch, and jewellery broker synonymous with trust. I love being with Donna, my wife, and four kids when not working, cramming in the odd row, or run when I can. I am fortunate to love what I do and consider it a blessing to grow the Stanhope brand.

Matthew Ashton

More blog posts